SeaTip Software Systems, Inc. Selects Payment Vision®
to Offer Automated Electronic Payment Gateway Services to Customers of
Its Loan Servicing System, LIMS®
GAITHERSBURG, Md. (Business Wire EON) June 12, 2008 --
SeaTip Software Systems, Inc., a
leading provider of receivables management software for the loan
servicing industry, announced today that customers of its loan servicing
software, LIMS, (Loan Information Management System) will have access to
the gateway services of Payment
Vision®, the popular payment gateway
powered by Autoscribe Corp.
Payment Vision® is a payment gateway that
concentrates payments captured at various windows such as IVR, Internet
and call centers. The hub-and-spoke alignment allows for perfect and
continuous awareness of payments remitted at the consumer self-service
windows.
Under the agreement, two of the gateway services, PayWeb & PayIVR, will
be connected to the LIMS loan servicing software. The integrated
solution allows borrowers to review and make payments against their
balances via the Web and via touch-tone phone. Payments received through
the two self-service windows are automatically posted to the LIMS system.
“We have seen in our industry a direct
correlation between payment convenience and lower default rates. Through
our partnership not only do payment doors remain open 24x7, the loan
servicing system is automatically updated when payments are received.
The new solutions will play a significant role in allowing SeaTip
customers to better grow and manage their loan portfolios,”
said Sean Fleming, AAP, CTP: Director of Payment Vision Gateway
Services, Autoscribe Corporation.
“The customers of today and tomorrow will be
demanding to have the flexibility of methods for managing their
financial obligations, including various means for making payments in
accordance with their life styles. Currently LIMS, either through
internal designed features or integrated third party services, offer a
variety of payment options such as payment coupons, both sheet or book,
statements, starter interrupts controls, electronic funds transfer, to
name just a few. The addition of Autoscribe’s
Payment Vision® services further extends the
payment options to customers of LIMS users as well as reducing the
overall payment processing costs, resulting in increased profits. It was
only logical that a system specializing in loan servicing, LIMS,
integrate to a service specializing in flexible payment processing,
Payment Vision®,”
said Mikki Segraves: CEO, SeaTip Software Systems, Inc.
About Payment Vision Gateway Svcs®
Payment Vision® is the Internet payment
gateway popular among corporate billers across various industries for
its ease of use and consumer friendly payment windows. The gateway
services include the PayAgent virtual terminal along with consumer
friendly self-service windows such as PayWeb & PayIVR. The gateway
services extend payment processing features to software publishers via
SOAP based XML web services. Payment Vision Gateway Svcs is powered by
Autoscribe Corporation, one of the largest electronic payment processors
in the U.S., processing over $4.5 billion in transactions annually. For
more information about Payment Vision® or
Autoscribe, visit www.autoscribe.com.
About Loan Information Management System (LIMS)
LIMS is a loan portfolio servicing system designed specifically to
address the operational needs of finance and related finance
organizations managing sub prime auto loans with specific focus of those
purchasing seasoned loans. An industry leader since released in 2000,
LIMS successful mission is in providing greater control and visibility
of the portfolio management process while maximizing user productivity
resulting in lowered operating costs. LIMS is the flagship product of
SeaTip which has been offering systems consulting, development and
technical services to a wide variety of industries since 1989. For more
information about LIMS or SeaTip, visit www.seatip.com
or call 941-744-0911.
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